5-Unit Multifamily
For Sale
$115,000
251 1ST Street NE, Lafayette, AL 36862
Multi-Family, LAFAYETTE, AL
Property Size2,800 SF
Lot Size2.06 Acres
Price / SF$41.07
Days on Market211
Property Features for 251 1ST Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage
Elementary school
EAST SIDE ELEMENTARY
Directions
Take U.S. Highway 431 North toward LaFayette and continue for approximately 14 miles. Turn left onto AL-50 West (also known as 9th Avenue SW or Veterans Memorial Parkway) and follow it for about 8.1 miles. Then, turn right onto 1st Street NE and continue for approximately 0.2 miles. The property at 251 1st Street NE will be on your left.
Subdivision
Outside Lee Co
Standard status
Active
Size
2,800 SF
Lot size
2.06 Acres
Building Details
Year built
1960
Floors in Building
1
Number of units
5
Listing Agency:
FIRST REALTY SALES
Listed By:
JESSICA STROUD
Added: Mar 25
Changed: Oct 19
Last Checked: Oct 21 at 9:06PM
MLS# 179580
Copyright © 2026 Lee County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Five residential units occupy a 2.06-acre parcel, with a combined 2,800 square feet of building area. The property includes a three-bedroom, one-bathroom house; a duplex with two two-bedroom, one-bathroom units; and two garage apartments, configured as one bedroom and one bathroom upstairs and three bedrooms and one bathroom downstairs. The property dates to 1960 and is being sold as-is.
The garage apartments sit toward the rear of the parcel, just off a four-lane road. Garage parking is also listed among the property features.
The garage apartments sit toward the rear of the parcel, just off a four-lane road. Garage parking is also listed among the property features.
Key Highlights
- Five units with 11 bedrooms and 5 bathrooms
- 2.06‑acre parcel with 2,800 square feet of building area
- Detached house, two‑unit duplex, and two garage apartments
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
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Business Placement
Demographics for 36862, AL
5,806
Population
3,130
Households
1.9
Avg Household Size
48
Median Age
15%
College-Educated
79%
High-School Grad
226.5 sq mi
ZIP Area
26
Density / Sq Mi
$39,510
Median Household Income
$36,778
Median Earnings
$642
Median Rent
$138,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A mix of detached residential units provides varied bedroom configurations across the property.
Where is this multifamily property located?
The property is located at 251 1ST Street NE Lafayette, AL.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Five units with 11 bedrooms and 5 bathrooms; 2.06‑acre parcel with 2,800 square feet of building area; Detached house, two‑unit duplex, and two garage apartments
